Mortgage lender HF Group #ticker:HFCK has issued a profit warning for the year ended December, blaming the weaker earnings forecast on slow property transactions and the capping of interest rates.
The company’s net profit had already dropped 81 per cent to Sh159.7 million in the nine months ended September, a move that is expected to pull down the full-year earnings beyond the 25 per cent threshold which triggers an earnings alert.
